Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond
Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond.
The $45 million bond gives Beazley ...
Technology/Science
Seattle Schools Sue Social Media Platforms Over Mental Health Crisis
The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them ...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash
Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 ...
Russian Hackers Targeted U.S. Nuclear Scientists
A Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer, according to Internet records reviewed by ...
U.S. FCC Proposes Additional Spectrum for Drone Communications
The U.S. Federal Communications Commission (FCC) on Wednesday proposed new rules to make licensed radio spectrum in the 5 GHz band for the rising number of unmanned aircraft ...
FTC Streamlines Probes Related to Artificial Intelligence
Investigations of cases where artificial intelligence (AI) is used to break the law will be streamlined under a new process approved by the U.S. Federal Trade Commission, the ...
Attorneys: Ransomware a Multi-Layered Risk for Policyholders
The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored ...
Hacker Claims Breach of FBI’s Critical-Infrastructure Portal
A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more than 80,000-member database of InfraGard, an FBI-run ...
Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their ...
‘Far Too Many’ Companies Fail to Disclose Environmental Data, CDP Shows
Too many companies are failing to respond to environmental transparency requests, nonprofit platform CDP said on Tuesday, after only 1.3 percent of firms scored an "A" ...